Previous Payments definition

Previous Payments has the meaning specified in Section 13.1.
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Previous Payments shall include all amounts therefor paid on account of the work, all charges for materials or service furnished by Contractor and properly chargeable to Subcontractor and all costs incurred by contractor properly chargeable to Subcontractor as obligations of Subcontractor. Any amount not billed by Subcontractor within Ten (10) days following the completion of work by Subcontractor shall not be paid. Contractor shall have the right to withhold payment to Subcontractor for defective work not remedied and for any other breach of this Subcontract by Subcontractor of his subordinate contractors. No payment to Subcontractor by Contractor shall be construed to be an acceptance of any defective work. A final payment, consisting of the unpaid balance of the price, shall be made with fifteen
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Examples of Previous Payments in a sentence

  • Notwithstanding the foregoing, this Article Fifteen shall not apply to the application of any amounts deposited with the Trustee or any Paying Agent pursuant to any sinking fund requirement or defeasance which, at the time such amounts were deposited with the Trustee or Paying Agent, as the case may be, such deposits were not prohibited by the provisions of this Article Fifteen ("Previous Payments").

  • Each Seller hereby releases the Purchaser and its Affiliates from all Claims relating to the Previous Payments.

  • Notwithstanding the foregoing, the Article Fifteen shall not apply to the application of any amounts deposited with the Trustee or any Paying Agent pursuant to any sinking fund requirement or defeasance which, at the time such amounts were deposited with the Trustee or Paying Agent, as the case may be, such deposits were not prohibited by the provisions of this Article Fifteen ("Previous Payments").

  • Subcontractor Contract Amount Payments this Month Previous Payments Total Payments Made to Date Original Revised Name: Subcontractor is REMOVED Fed.

  • If an audit determines that any payments previously made under this Agreement ("Previous Payments") were not properly calculated, adjustments shall be made promptly in amounts to be paid in the future for Shipments under this Agreement ("Future Payments") to reflect the proper amount of such adjustments; or if no Future Payments are then due, payments shall be promptly made to reflect the difference between the Previous Payments and the proper amounts determined by audit.

  • Notwithstanding the foregoing, this Article XIII shall not apply to the application of any amounts deposited with the Trustee or any Paying Agent pursuant to Article IV that at the time such amounts were deposited with the Trustee or Paying Agent, as the case may be, such deposits were not prohibited by the provisions of this Article XIII ("Previous Payments").

  • Subcontractor Total Amount Payments this Month Previous Payments Total Payments Made to Date Original Revised Name: Fed.

  • All Previous Tasks Time & Materials Fixed Fee All Previous Payments for Work Done from Beginning of Agreement Term $1,561,309 1-8 Time & Materials Fixed Fee Payment for Annual Services July – December 2022 $508,674.75 1-8 Time & Materials Fixed Fee Payment within 30 days of submittal of January 31 bi-annual report for Annual Services January – June 2023 $169,558.25 No expenses are separately reimbursable.

  • The Parties agree that the contract accounting resulting in the Balance of the Contract Price is as follows: Original Contract Amount: $3,523,000.00 Contract as Adjusted by Change Orders: $3,550,840.00 Less Previous Payments to Former Contractor: $959,171.18 Retainage: $106,574.58 Balance of Contract Price: $2,591,668.82 District shall devote the entire Balance of the Contract Price to the completion of the Project.

  • The Parties agree that the contract accounting resulting in the Balance of the Contract Price is as follows: Original Contract Amount: $339,900.00 Contract as Adjusted by Change Orders: $0.00 Less Previous Payments to Former Contractor: $0.00 Retainage: $0.00 Balance of Contract Price $339,900.00 District shall devote the entire Balance of the Contract Price to the completion of the Project.

Related to Previous Payments

  • Bonus Payments means that portion of the bonus payments received by the

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and Executive are subject. An example of the calculation of the Bonus Payment is set forth below: Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. The Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Payments has the meaning set forth in Section 6.12.1.